Business

In fact, he would encourage more money being put in the pockets of tax payers that will lead to spending and collection of more indirect taxes.

The deal also witnessed significant over-subscription before it was launched into syndication and two banks joined in as MLAs.

Both Andhra Pradesh and Telangana governments have declared loan waivers for the farmers hit by cyclone Phailin last year.

Consumer food price inflation, under a new series published by the government, eased to 5.59 per cent last month from 7.67 per cent in September.

Sesa Sterlite, Axis Bank, HDFC, SBI and ICICI Bank were top gainers while Gail, M&M, Coal India, Maruti and Bajaj Auto were among the laggards.

Jet fuel constitutes over 40 per cent of an airline's operating costs and the price cut will ease the financial burden of cash-strapped carriers.

The government put a freeze on Nokia's assets due to a tax dispute over an estimated Rs 23,000 crore.

The survey, however, added that "Indian customers are also the most reactive with 71 per cent having dropped an intended purchase due to poor customer service."

The 'Indian Power List', published by Arabian Business, a leading business magazine, has also picked as many as six Keralites among the top 20.

Sebi barred Madurai Rural Development Transformation India from raising funds from investors through issuance of securities.

Both Sensex and Nifty have risen 26 per cent in the last one year, while Midcap index has risen 30 per cent.

Total revenue rose to Rs 118.16 billion from Rs 109.91 billion in the same period last year.

DLF lodged its appeal with the Securities Appellate Tribunal, which will conduct its next hearing on October 30.

Javadekar said the Finance Minister assured the delegation that he would look into the matter and the settlement process would be expedited.

"We are examining transfer pricing issue at both the (Income Tax) commissioner and Central Board of Direct Taxes (CBDT) levels. We will take a view shortly," CBDT chairman KV Chowdary said.

The market extended its southward journey for the second trading session of the October month with the Sensex falling 296.02 points or 1.11 per cent to 26271.97 on Tuesday.